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Extended Enterprise Risk Management Services

Managing third-party risk to accelerate performance

In today’s global business environment, no company is an island. In fact, most organizations use hundreds if not thousands of suppliers to meet business objectives. As the extended enterprise reaches farther and becomes more complex, our Extended Enterprise Risk Management (EERM) Services can help you better understand your risks and take a more strategic approach to third-party risk management.

Extended Enterprise Risk Management (EERM)

Deloitte Risk and Financial Advisory provides end-to-end services to help you establish an EERM program or move your existing third-party risk management practices to the next level.

Our risk management services include:
  • Strategy and program development solutions to assess, design, and implement a comprehensive EERM program.
  • Assessment and monitoring of third parties’ risk profile and potential areas of vulnerability.
  • Technology enablement solutions to transform and continuously enhance EERM practices.

We help clients lead, navigate, and disrupt to turn potential threats into opportunities.

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How Deloitte can help

Our experienced risk leaders can help you better understand your risks and take a more strategic approach to third-party risk management. We provide end-to-end services to help you establish an EERM program or move your existing third-party risk management practices to the next level.

Get started today

Focusing on the climb ahead

The 2018 extended enterprise risk management (EERM) global survey shows how extended enterprise risk has continued to benefit from greater executive awareness allowing organizations to tackle the topic with renewed focus and investment. This is even more important due to the threats of high profile business failure, illegal third-party actions, or regulatory action with punitive fines.

The survey findings reveal six key areas exist where further effort is required by most organizations:

  • Inherent risk and maturity
  • Business case and investment
  • Centralized control
  • Technology platforms
  • Sub-contractor risk
  • Organizational imperatives and accountability

Resetting the front line of defense: Managing risk across the extended enterprise

Extended enterprise risk management (EERM) practices have remained relatively immature over the past few decades—which not only exposes an organization to harm, but, worse, may even blind them to the possibility that harm could arise. Many management teams and boards have yet to reset their concept of the “front line of defense” to include suppliers, customers, and others in the organization’s broader system of stakeholders. This new article from Deloitte Insights examines the pragmatic difficulties of managing and mitigating extended enterprise risk, and addresses three important areas of innovation that are helping companies "reset the front line of defense":

  • Emerging technologies that help mitigate risks, enhance trust, establish a single version of the truth, and facilitate monitoring and coordination
  • Cooperative relationships that give organizations access to economies of scale and specialized EERM capabilities
  • Organization and governance models that clearly guide execution and assign responsibility, authority, and accountability for EERM

Helping you increase your extended enterprise’s performance

Accelerating performance through the third-party ecosystem

Third-party risk is increasing for many enterprises, as are stakeholder demands for accountability. Download the report or watch the companion Dbriefs webcast replay to find out how to assess exposures across your organization and improve business performance through third-party risk management.

Instituting your EERM program

Learning to recognize, anticipate, and manage extended enterprise risk can help dramatically reduce exposure. It can also lead to business improvements that can drive value creation.

How can you “go from zero to thirty”—accelerating from zero to a safe “cruising speed”—within your EERM program? And how can EERM help your organization improve financial performance, reduce regulator and stakeholder scrutiny, enhance brand and reputation, and optimize margins and cost control? Check out this Flip side article and read about three things you can do now to get started:

  • Look at your ecosystem and the big picture
  • Assign accountability
  • Understand your risk posture

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About Deloitte Risk and Financial Advisory

Deloitte Risk and Financial Advisory helps organizations effectively navigate business risks and opportunities—from strategic, reputation, and financial risks to operational, cyber, and regulatory risks—to gain competitive advantage.

We apply our experience in ongoing business operations and corporate lifecycle events to help clients become stronger and more resilient. Our market-leading teams help clients embrace complexity to accelerate performance, disrupt through innovation, and lead in their industries.

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Deloitte Risk and Financial Advisory

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Dan Kinsella

Dan Kinsella

Omaha Managing Partner

Dan is the managing partner of the Omaha office and serves as the US and Americas extended-enterprise and third-party assurance leader in Deloitte & Touche LLP. He combines business and technology exp... More

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